Potential exposure to the Romanian energy market

To: Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Romanian Capital Market Law no. 297/2004, CNVM Regulation no. 1/2006, and the Bucharest Stock Exchange Code

Report date: 30 January 2017

Company name: Societatea Energetica Electrica S.A.

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,459,399,290

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB), London Stock Exchange (LSE)

Significant events to be reported:

Electrica's potential exposure to the current situation of the Romanian energy market

Context: Recently, the Romanian energy market entered a turbulent stage, which resulted in significant increases in electricity consumption and in market prices, both reaching historical highs.

As of January 27th, 2017, Electrica SA, in its Balancing Responsible Party business line, has a 36.3 MRON exposure on one of its clients, Transenergo. As the client filed for its insolvency, with ELSA and another market player also filing separate insolvency requests, management expects low recoverability of the total exposure.

CEO

Dan Catalin Stancu